Day trading course - consolidation - showing weakness

Day trading course looking at consolidation in the market and the weakness as large money is not in the market.

As mentioned in our day trading course and in numerous posts, the market makers make direction in the market.  We are looking for where the market makers are committed to buy.  The CFTC or the Commodity Futures  Trading commission releases the composition of open interests for Futures Markets.  I normally do not rely on Data from the CFTC but it shows that the Long positions in the market place are held by small speculators.  This is not an encouraging sign for the Market as there is a decreasing number of Net Long positions held by Institutional traders.  (BUYER BEWARE)  Normally the fast innovators in the market playing against Distribution in the consolidation phase will be fished out as investors are normally late into the selling and will sell into the momentum of a short term head fake (to the downside), as Market makers are putting in their next buys into the market. Remember the saying, "Go away in May."  Well, this could be the start of a declining market as light volume in this top side consolidation bounces off of lower highs.  Contrarily, we are in a bullish trend, this could be an area of Consolidation where the market makers are distributing after a long run up, where a correction could be the next buying opportunity.  Watch out for sell offs in this light volume and always use a stop.  If you are not experienced trading th [...]

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Day trading course - testing channel

Day trading course l 866-640-3737 l learn how to daytrade l Day trading education

Trading the S&P500 emini futures contract in the S&P500 day trading course live room.

After a time testing the resistance at the upper trendline, a final test brought sellers in to pressure price down to test support at the 50SMA. A final push down to test the lower trendline ended in price failure with a Doji, then a break to the upside to hang out around the 50SMA once again. With a breakthrough  of resistance at 1389.25 a rally ensued to the upside to test resistance at the top trendline. With resistance holding fast, a drop to the downside due to sellers pressure again to bring price to hang around the 50SMA, ranging between support at 1389.50 and resistance at 1393.25, with a midway at 1391.50.

    If buyers keep the pressure on the first target is 1395.25 onto 1397.50, 1399 and then to the upper trendline.

If sellers come in, they will bring downward pressure to test support at the first target of 1393. The next target levels of support are 1391.75 and 1389.25 ( which coincides with the 50SMA and the lower trendline) stronger support? ... from there next targets are 1386.50, 1384.25, 1381, 1378 and on down to the outer level of support at 1373.75.

Trade What You See

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Day trading course Market consolidation

Day trading course Market consolidation will lead to a test of the support around 1373-76 as bulls are searching for footing on this slippery slope.  

The S&P500 has been in a consolidated range fishing traders stops for the past 6 weeks, with very little room on the turns. The point of control is 1387 with the sellers in control this morning. The Day trading course live room will be on next week, but our traders are watching for a continuation to the upside as we approach 1400. Presently we have support in the Emini futures around 1380 thenn 1376, 1373 and a very doubtful 1363. Looks as if we can be consolidating at these levels until Market makers give the market some direction. Smart money on the sides. Trade what you see and never listen to the so called experts. If you can't see the direction of the market and don't understand how to use a stop, then don't trade. Never take stock tips, and if it is on the TV as a hot pick, it is too late. Day trading course focusing on the S&P500 emini futures support and resistance and efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a Day trading course, be sure you understand the risks involved in trading.

Day trading course looks at price and direc [...]

day trading course

Day trading course - Bearish market - Bear flag

Day trading course looking at patterns on multiple markets with selling pressure in the S&P500 emini futures in the pre market

I am posting a video to watch with a few charts.  Tuesday we will have live trading. Trade what you see and never listen to the so called experts. If you can't see the direction of the market and don't understand how to use a stop, then don't trade. Never take stock tips, and if it is on the TV as a hot pick, it is too late. Day trading course focusing on the S&P500 emini futures support and resistance and efficient market hypothesis which states that stock market prices are essentially unpredictable. Be responsible for your trades, do your own work and never rely on others. When searching for a Day trading course, be sure you understand the risks involved in trading.

Day trading course looks at price and direction, the support and resistance and the direction of the market.

Day trading course will be in your area soon, join us for Day trading education.

We normally have a Montreal Day trading course, a Calgary Day trading course, and a [...]

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Day Trading Course - rebound

Day trading course l 866-640-3737 l learn how to daytrade l Day trading education

Trading the S&P500 emini futures contract in the S&P500 day trading course live room.

The S&P500 emini was ranging until there was a pierce and breakthrough of support at 1374 with a downtrend to consolidate at between 1353 to 1357. A strong support at the bottom trendline of 1353 prompted buyers to come in and head price  towards the 50SMA,  to hang around there and test resistance. At this time still trying to test resistance and possibly break through the resistance at the 50SMA.

If buyers pressure breaks through at this level, the first target is 1366. The next target is the top trendline and on to the outer target of resistance at 1373.50.

If resistance proves strong, sellers will come in to pressure the price movement to test support at the first target of 1362. If support breaks, next target is 1360.75, then onto the next levels of support at 1359.50, 1357 and 1354.75, with the outer target of support at the bottom trendline.

Trade What You See

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Trading could be looking at a push to

With a break in an upward trend line the sellers could be taking control of the market and pushing price to the downside. If sellers remain in control the market could be pushing down to fill a gap left open in February and a return to around 1320. If the buyers come back in and take control again look for the market to return to the 1420's and beyond for continued growth and record breaking profits.

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